FRIENDS OF GEORGETOWN PARKS & RECREATION (EIN 272429897) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

DAVID HOUCK

Phone

5128194275

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF GEORGETOWN PARKS & RECREATION, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 99% operating margin.

Mission

TO SUPPORT THE CITY OF GEORGETOWN PARKS AND RECREATION DEPARTMENT, IN PROVIDING PROGRAMS AND FACILITIES TO PROMOTE THE SOCIAL, CULTURAL AND RECREATIONAL WELL-BEING OF ALL RESIDENTS OF THE CITY OF GEORGETOWN, TEXAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,141,794

Program Service Revenue $0

Investment Income $6,245

Other Revenue $0

TOTAL REVENUE $1,148,039

Expense Breakdown

Grants Paid $11,865

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,033

Other Expenses $3,988

TOTAL EXPENSES $15,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,148,039	$1,201,885	0.0%
Expenses	$15,853	$529,819	-1.0%
Net Income	$1,132,186	$672,066	+0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER KOOPMANN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLEY SPENCER	VP	2.00	Officer Director	$0	$0	$0
DAVID HOUCK	TREASURER	2.00	Officer Director	$0	$0	$0
DANELLE HOUCK	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN HOUCK	DIRECTOR	2.00	Director	$0	$0	$0
GLENN HOLZER	DIRECTOR	2.00	Director	$0	$0	$0
CINDY ROBLES	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY GARRETT	EX OFFICIO	2.00	Director	$0	$0	$0
PETER BAHRS	EX OFFICIO	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,148,039	$15,853	$1,815,749	$1,132,186
2023	$1,201,885	$529,819	$683,563	$672,066

FRIENDS OF GEORGETOWN PARKS & RECREATION